Key Points
- Northfield EVP David Fasanella purchased 7,500 shares on March 19 at an average price of $13.07 for a total of $98,025, increasing his stake to 11,500 shares (a 187.5% rise) — the trade was disclosed in an SEC filing.
- Recent results and dividend: Northfield beat Q results with $0.34 EPS versus $0.28 expected and reported $78.01M revenue; it pays a $0.13 quarterly dividend (annualized $0.52, ~3.9% yield) despite an unusually high reported payout ratio.
- Market and analyst view: NFBK trades around $13.22 with a market cap of ~$552M, and Wall Street consensus is a "Hold" with a target near $14.33 amid mixed Buy/Hold/Sell ratings.
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Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) EVP David Fasanella bought 7,500 shares of Northfield Bancorp stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of $13.07 per share, with a total value of $98,025.00. Following the completion of the acquisition, the executive vice president owned 11,500 shares of the company's stock, valued at $150,305. The trade was a 187.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Northfield Bancorp Trading Down 0.8%
Shares of NFBK opened at $13.22 on Friday. The business's 50-day moving average price is $12.98 and its 200 day moving average price is $11.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $552.07 million, a P/E ratio of 1,322.00 and a beta of 0.82. Northfield Bancorp, Inc. has a 1-year low of $9.40 and a 1-year high of $14.05.
Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. The company had revenue of $78.01 million during the quarter, compared to analyst estimates of $39.48 million. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. Analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.
Northfield Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. Northfield Bancorp's dividend payout ratio (DPR) is 5,200.00%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of NFBK. Assenagon Asset Management S.A. acquired a new position in shares of Northfield Bancorp in the third quarter valued at $1,941,000. Hillsdale Investment Management Inc. increased its holdings in Northfield Bancorp by 156.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank's stock valued at $6,288,000 after buying an additional 325,400 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Northfield Bancorp by 94.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 597,877 shares of the bank's stock valued at $6,864,000 after buying an additional 290,030 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank's stock valued at $114,000 after buying an additional 9,586 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Northfield Bancorp by 12.8% during the 4th quarter. SG Americas Securities LLC now owns 16,668 shares of the bank's stock worth $191,000 after acquiring an additional 1,885 shares during the period. Institutional investors own 65.51% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on NFBK. New Street Research set a $14.50 target price on shares of Northfield Bancorp in a research report on Friday, February 6th. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp from $12.00 to $14.50 and gave the stock a "hold" rating in a research report on Friday, February 6th. Finally, Weiss Ratings lowered Northfield Bancorp from a "hold (c)" rating to a "sell (d+)" rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.33.
Get Our Latest Research Report on Northfield Bancorp
About Northfield Bancorp
(
Get Free Report)
Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.
Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.
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